Wound Dressing Market To Witness Growth Rapidly Due To Rising Occurrences Of Sports Injuries Till 2022: Grand View Research, Inc.
Global wound dressing market was valued at USD 9.16
billion in 2014 and is estimated to reach USD 12.9 billion with a lucrative
CAGR of 4.4% from 2015 to 2022. Rising prevalence of conditions such as leg
ulcers, venous stasis ulcers, pressure ulcers, and diabetic ulcers, that
require lesion management, are anticipated to boost global wound dressing
market over the forecast period. Additionally, the growing incidences of burns
and lesion infection are also expected to demand advanced injury treatment
products, such as wound dressing market in coming years. Wound dressing
products, with capabilities of faster health recovery from various ulcers
disorders, are preferred by patients and healthcare practitioners globally.
Rising
occurrences of sports injuries and increasing medical expenditure incurred by
the regional government are also anticipated to boost demand for wound dressing
products. The aging population is more susceptible towards diabetic ulcers,
foot ulcers, and lesions. Growing geriatric population, rising health
awareness, and increasing disposable income are encouraging the consumer to
spend a considerable amount on medical facilities, thereby boosting market
growth. Evolution of innovative technologies and their applications such as
electrical stimulation, metal/alloy bandages, electromagnetic therapy and
nanotechnology therapy are projected to drive the wound dressing market over
the forecast period.
North
America wound dressing market, by product, 2012-2022 (USD Million)
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research report on wound dressing market: http://www.grandviewresearch.com/industry-analysis/wound-dressing-market
Advanced wound products segment includes
antimicrobial, active and moist dressings that dominated the global wound
dressing market with 56.1% revenue in 2014. This is attributed to
cost-effectiveness, improved utility, and increasing usage of the products.
Antimicrobial products segment, which encompasses silver and non-silver wound
dressing products, is anticipated to exhibit significant growth owing to its
associated benefits of wide availability, faster healing rate, and ease of
usage. The moist dressing was the leading advanced product segment in 2014 due
to its high absorbance capacity to keep lesions dry and clean.
North America was identified as the most lucrative
wound dressing market and accounted for over 35.0% of the total revenue in
2014. Growing base of aging population with rising chronic lesions disorders,
rising health awareness, and increasing preference for home healthcare services
have boosted the market growth for the region and is expected to grow at a
significant rate over the forecast period.
The Asia-Pacific wound dressing market is expected
to exhibit a considerable growth in the coming years, owing to rising number of
advanced healthcare infrastructure, high unmet needs for medical facilities, burgeoning
population, rising awareness level and high purchasing power of the consumers.
The government is also taking various initiatives to support healthcare market,
thereby boosting wound dressing market in the region.
Major market participants include ColoPlast,
Systagenix, 3M Healthcare, BSN Medical, Convatec, Medline Industries, Smith
& Nephew, Derma Sciences, and Medtronic. Innovation in product development
and M&A are some strategic initiatives adopted by players to have a
competitive advantage over others. In November 2014, BSN Medical has acquired
Sorbian, to broaden their product portfolio related to wound care industry.
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reports of this category by Grand View Research:
Grand View Research has segmented the global wound dressings market on
the basis of products and region:
Wound
Dressings Market Product Outlook (Revenue, USD Billion, 2012 - 2022)
- Traditional
- Advanced
- Moist
- Foam
- Alginate
- Film
- Hydrocolloid
- Hydrogel
- Antimicrobial
- Silver
- Non-Silver
- Active
- Biomaterial
- Skin-substitutes
Wound
dressings market Regional Outlook (Revenue, USD Billion, 2012 - 2022)
- North
America
- Europe
- Asia
Pacific
- Row
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Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-wound-dressings-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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